Ovolo Hotels Explained

Ovolo Hotels
Type:Private
Industry:Hospitality, tourism, hotel
Num Locations:12
Owner:Girish Jhunjhnuwala
Location Country:Hong Kong, Australia

Ovolo Hotels is an independent hotel brand and serviced apartment owner-operator[1] headquartered in Hong Kong. Founded by Girish Jhunjhnuwala, Ovolo Hotels remains a privately family-owned business under the Hind Group.

History

Ovolo Hotels[2] started as a serviced-apartment company in 2002. Girish Jhunjhnuwala acquired a single office complex in the heart of Hong Kong's Central Business District and developed it into an upscale serviced apartment.

After the opening of its first serviced apartment in 2002, the group has expanded. It had eight properties as of 2014.[3] It now has hotels in Canberra, Melbourne and Sydney.[4] The Weekend Australian in 2016 reported Jhunjhnuwala's intent to aggressively pursue the Australian market after the successful acquisition and turnaround of a hotel in Woolloomooloo, a suburb of Sydney.[5] EJ Insight reported that Jhunjhnuwala's recent focus on Australian acquisitions is a result of high property prices in Hong Kong and the depreciating Australian dollar.[6]

In Hong Kong, Ovolo operates 4 hotels across Hong Kong Island, with an addition of one remaining serviced apartment.

Since 2015, Ovolo has offered a live-in coworking space under what it calls the Mojo Nomad programme.[7]

In 2018 Ovolo purchased the New Acton located Hotel Hotel in Canberra, and renamed it Ovolo Nishi as of March.[8]

In 2020, Ovolo switched all of its hotels and restaurants to go vegetarian for 365 days.[9] [10]

External links

Notes and References

  1. Web site: Ovolo Hotels story in Hong Kong and Australia. Ovolohotels.com. 15 January 2015.
  2. Web site: The Ovolo way Hongkong Business. 2017-01-07. 2017-07-17.
  3. Web site: Ovolo Hotels Open First Overseas Headquarters in Melbourne, Australia. Hospitality Net. 19 May 2017. en. 25 November 2014.
  4. Web site: Kelly. Martin. Girish Jhunjhnuwala, Founder & CEO, Ovolo Hotels Group . Travel Trends. 19 May 2017. 2 February 2016.
  5. Web site: Allen. Lisa. Ovolo Hotels plans to build on Woolloomooloo boost in Australia. Weekend Australian. News Corp. 19 May 2017. July 21, 2016.
  6. Web site: Pao. Jeff. HK-born Indian entrepreneur builds hotel empire with a bold bet. . 19 May 2017. Hong Kong. 7 January 2016.
  7. Web site: Springer. Kate. Smart hotels where work meets play. . . 19 May 2017. February 13, 2017.
  8. Web site: Breheny . Emma . 17 January 2018 . Canberra’s Hotel Hotel sold to Ovolo Group . 10 April 2024 . Gourmet Traveller.
  9. Web site: Jelski. Christina. 2020-10-27. Hold the meat: Ovolo Hotels going vegetarian-only for a year. 2021-06-19. Travel Weekly. en.
  10. Web site: 2021-06-17. Year of the Veg: Hotel group goes vegetarian for 365 days. 2021-06-19. USA Today. en.